Quote of Mr. David Walker, Managing Director, SARE Homes on RBI Monetary Policy for your perusal.

Mr. David Walker, Managing Director, SARE Homes

With the uptick in inflation in the last two months and the RBI front end loading of rate cuts last month, the chances of further rate cuts this month were remote.  As less than half the 125 bps rate reduction by the RBI have been passed onto customers by banks, action by the RBI to standardize the methodology for determining base rates which all banks will move to is welcomed.  Whilst the growth forecast of 7.4% has been kept unchanged, lackluster construction activity is a weight on the overall outlook.

Warm Regards,